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301 Sir Guy Court Saginaw, TX 76179

4 Beds 3 Baths 2,962 sqft Built 2015

$364,900

List Price

$2,040

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $123.19
  • 1 Days on Market
  • MLS # : 14497262
  • Updated Date : 01/10/2021 at 00:21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,962 sqft
  • Baths : 2 full , 1 half
Listing Agent

Mc Realty

Listing Agent's Description

BEAUTIFUL LARGE HOME ON CUL DE SAC NO HOA. EXTENDED GARAGE, FRESH PAINT IN SIDE AND OUT, LIGHT AND BRIGHT, MANY WINDOWS, LIVINGROOM WINDOW BLINDS REMOTE CONTROLLED. WIFI CONTROLLED THERMOSTAT, RACHIO SPRINKLER SYSTEM, LIGHTS AND DEVICES THRU OUT, USE PHONE OR SMART HOME DEVICE TO CONTROL, GRANITE, CALI CENTER ISLAND, LG EAT IN AREA, FORMAL DINING CAN BE USED AS OFFICE, CELING FANS THRU OUT. RING VIDEO DOOR BELL, BACKYARD IS A DREAM WITH OUTDOOR LIVING AREA COVERED PORCH, EXTENDED PATIO WITH PERGOLA, BUILT IN FIRE PIT. WATCH TV ON THE PATIO, LARGE YARD FOR SWINGSET, POOL, ETC COME SEE YOUR BEAUTIFUL AND ROOMY NEW HOME. PRICED TO SELL. HOME WON'T LAST LONG

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MARKET HIGHLIGHTS

  • # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)
  • Dallas metro's economy is worth $579 billion in Gross Metro Product and projected to grow to $613 billion in 2019 (USMayors.org, 2018)
  • Home to 20 Fortune 500 headquarters, 39 Fortune 1000 headquarters and 12 of Forbes' top private companies (Fortune)
  • Dallas metro contributes to 31.9%% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)
  • Dallas metro has 67.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Neighborhood: The Dominion

NeighborhoodNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240k250kPrice in $115k258k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: The Dominion

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211501200125013001350140014501500155016001650170017501800Rent in $11261819

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Willow Creek Elementary School Primary Regular 715 43 4
Creekview Middle School Middle Regular 801 47 7
Boswell High School High Regular 1,605 106 7

Willow Creek Elementary School

  • Education Level: Primary
  • # of students: 715
  • # of teachers: 43
4
GreatSchools Rating

Creekview Middle School

  • Education Level: Middle
  • # of students: 801
  • # of teachers: 47
7
GreatSchools Rating

Boswell High School

  • Education Level: High
  • # of students: 1,605
  • # of teachers: 106
7
GreatSchools Rating
 

$328,410$401,390$364,900

PURCHASE PRICE

$1,836$2,244$2,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,040
EXPENSES Loan Payment -$1,267
Property Tax -$793
Property Insurance -$198
Property Management Fees -$99
CASH FLOW
-$317

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$364,900

PROJECTED PRICE

$2,040

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 9.2%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$102,449

INVESTMENT

$102,449

Down Payment
$91,225
Rehab Estimate
$5,750
Closing Costs
$5,474

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,267

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $91,225
Loan Amount $273,675
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,004

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,040

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $2,036

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,8503$1,8954$2,0405$2,045
$2,045
RENT COMPS ANALYSIS
  • 301 Sir Guy Court Saginaw, TX 4
    • 4 beds 3 baths ∙ 2,962 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,962 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $2,040
    • $0.69
    •  
  • 1101 Hillwood Drive Saginaw, TX 1
    • 4 beds 3 baths ∙ 2,784 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,784 Sqft ∙ Built 1998
    LEASED 01/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.64
    •  
  • 1133 Hillwood Drive Saginaw, TX 2
    • 4 beds 3 baths ∙ 2,660 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,660 Sqft ∙ Built 2000
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.70
    •  
  • 1092 Appaloosa Circle Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,756 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,756 Sqft ∙ Built 2004
    LEASED 11/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.69
    •  
  • 5824 Downs Drive Fort Worth, TX 5
    • 4 beds 3 baths ∙ 2,831 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,831 Sqft ∙ Built 2005
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,045
    • $0.72
    •  
PROPERTY LISTING DETAILS
Mariann Cravins
Mc Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14497262
Last Updated: 01/10/2021
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